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JAMB Commerce 1998 Question 18

Question 18

Foreign Trade Documents

What document is required when a country imposes ad valorem import duties on goods?

  1. A.A mail transfer
  2. B.A shipping note
  3. C.A bill of lading
  4. D.A consular invoice.
Show the answer and explanation

Answer: D (A consular invoice.)

Explanation

Ad valorem duty is a percentage of value, so customs needs a consular invoice certified by the importing country's consul to confirm the value.